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Shopping Center with Contiguous Suites
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For Lease
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3400 Grant Line Rd, New Albany, IN 47150

Signalized intersection exposure reaches more than 27,000 vehicles daily along Grant Line Road.

Space Size37,672 SF
Days on Market7

Property Features for 3400 Grant Line Rd

General Information

Standard status Active
Size 37,672 SF
Property subtype Retail
Zoning C-3

Space & Availability

Contiguous Space 37,672 SF
Space Use Grocery

Site & Location

Anchor Co-Tenants Goodwill
Traffic Count 27,000 vehicles/day

Amenities

Drive-Thru

Building Details

Year Built 1986
Tenancy Multi-Tenant
Listing Agency: Hogan Real Estate
Listed By: James Conklin · License #301605
Source: Kcrea.resimplifi
Added: Aug 27 Changed: Aug 31 Last Checked: Sep 1 at 2:39PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Hogan Real Estate

Investment Insights

Based on property information with market context.

This shopping center includes 37,672± SF of former grocery space and up to 3,827± SF of additional contiguous retail area. The smaller offering is currently configured as two suites measuring 1,849± SF and 1,978± SF, with Goodwill positioned between the available spaces. The building was constructed in 1986 and is available for lease.

Located at the signalized junction of Grant Line Road and University Woods in New Albany, the property fronts a corridor carrying more than 27,000 vehicles per day. The I-265 and Grant Line Road interchange is approximately one-half mile away, while Downtown New Albany is about 3 miles distant and Downtown Louisville is 12 miles away. Nearby destinations include IU Southeast, Baptist Health Floyd, Purdue Research Park, Aldi, Walmart, Planet Fitness, and Dollar Tree.

Key Highlights

  • 37,672± SF former grocery space available for lease
  • Up to 3,827± SF of contiguous retail area
  • Two available suites measure 1,849± SF and 1,978± SF

Property Analytics

Current Use

Kroger Deli Food Market Kroger Bakery Bakery Goodwill of Central & Southern ... Charitable Organization Kroger Pharmacy Pharmacy Plaza Laundry (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage (Bike/Boat/Book/etc) Store Barber Shop Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

27,000 VPD
Traffic count
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

571
Businesses Nearby
Under-served
Demand for This Use

Demographics for 47150, IN

49,395
Population
22,834
Households
2.2
Avg Household Size
39
Median Age
26%
College-Educated
91%
High-School Grad
45.0 sq mi
ZIP Area
1,098
Density / Sq Mi
$62,212
Median Household Income
$40,837
Median Earnings
$984
Median Rent
$191,800
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Shopping center - Signalized intersection exposure reaches more than 27,000 vehicles daily along Grant Line Road.
Where is this shopping center located?
The property is located at 3400 Grant Line Rd New Albany, IN.
What are key features of this property?
This property features: 37,672± SF former grocery space available for lease; Up to 3,827± SF of contiguous retail area; Two available suites measure 1,849± SF and 1,978± SF
More about this property
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